Freeport (FCX) (KGC) (SMG) (NOR) (NSU) (MLM) (MMP) Ratings, Price Targets

Freeport McMoRan Copper and Gold (NYSE: FCX), Kinross Gold (NYSE: KGC), Scotts Miracle-Gro (NYSE: SMG), Noranda Aluminum Holding Co. (NYSE: NOR), Nevsun Resources Ltd (NYSE: NSU), Martin Marietta Materials, Inc. (NYSE: MLM) and Magellan Midstream (NYSE: MMP) had ratings and price targets on them adjusted by analysts.

Freeport McMoRan Copper and Gold (FCX) had its price target raised by Morgan Stanley (NYSE:MS) from $43.00 to $55.00. They have an “Overweight” rating on the company.

Kinross Gold (KGC) had its price target lowered by Deutsche Bank (NYSE:DB) to $85.00.

Scotts Miracle-Gro (SMG) had its price target raised by RBC Capital from $43.00 to $46.00. They have a “Sector Perform” rating on the company.

Noranda Aluminum Holding Co. (NOR) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to a “Neutral” rating.

Nevsun Resources Ltd (NSU) was downgraded by CIBC from a “Sector Perform” rating to an “Underperform” rating.

Martin Marietta Materials, Inc. (MLM) was downgraded by DA Davidson from a “Neutral” rating to an “Underperform” rating.

Magellan Midstream (MMP) had its “Buy” rating reiterated by Wunderlich. They have a price target of $69.00 on the company.

GE (GE) (CAT) (QLIK) (BWLD) (PNRA) (SMG) Ratings Reiterated

General Electric (NYSE: GE), Caterpillar Inc. (NYSE: CAT), Qlik Technologies Inc (NASDAQ: QLIK), Buffalo Wild Wings (NASDAQ: BWLD), Panera Bread Company (NASDAQ: PNRA) and Scotts Miracle-Gro (NYSE: SMG) had ratings reiterated by analysts.

Deutsche Bank (NYSE:DB) reiterated a "Buy" rating on Buffalo Wild Wings (BWLD).

JPMorgan Chase & Co. (NYSE:JPM) reiterated an "Overweight" rating on Caterpillar Inc. (CAT).

Citigroup (NYSE:C) reiterated a "Buy" rating on General Electric (GE).

Sterne Agee reiterated a "Buy" rating on Panera Bread Company (PNRA). They have a price target of $134.00 on the company.

Citigroup reiterated a "Hold" rating on Qlik Technologies Inc (QLIK).

Oppenheimer reiterated a "Market Perform" rating on Scotts Miracle-Gro (SMG).

Petrohawk (HK) (SMG) (USG) (ERF) (EVC) Downgraded

Petrohawk Energy (NYSE: HK), Scotts Miracle-Gro (NYSE: SMG), USG Co. (NYSE: USG), Enerplus Resources Fund (NYSE: ERF) and Entravision Communication (NYSE: EVC) downgraded.

Enerplus Resources Fund (NYSE: ERF) was downgraded by Canaccord Genuity from a “buy” rating to a “hold” rating.

Entravision Communication (NYSE: EVC) was downgraded by Gilford Securities from a “buy” rating to a “hold” rating.

Petrohawk Energy (NYSE: HK) was downgraded by RBC Capital to a “sector perform” rating.

Scotts Miracle-Gro (NYSE: SMG) was downgraded by BMO Capital Markets from an “outperform” rating to a “market perform” rating. They have a price target of $50.00 on the company, down from $57.00.

USG Co. (NYSE: USG) was downgraded by RBC Capital from an “outperform” rating to a “sector perform” rating. They have a price target of $14.00 on the company, down from $16.00.

Fertilizers (POT) (SYT) (MOS) (SMG) (CF) Pressured on Weak Crop Prices

Potash Corp (NYSE:POT), Syngenta (NYSE:SYT), Mosaic (NYSE:MOS), Scotts Miracle-Gro (NYSE:SMG) and CF Industries (NYSE:CF) traded down Friday, with the exception of Potash, as a down week for major crops pressured the sector.

Corn and wheat finished down last week while soybeans were almost unchanged. A bearish USDA report weighed on the grains. Eventually the weather, flooding of the Mississippi and lack of activity in the fields will probably push up the prices of grains in the weeks ahead.

Corn futures for July-delivery climbed 6.5 cents, or 1 percent, to $6.87 a bushel on the Chicago Board of Trade. The price was down a little last week after dropping by the limit of 30 cents on May 11 when a U.S. report said inventories will be larger than analysts estimated.

Wheat for July delivery gained 8.5 cents, or 1.2 percent, to $7.44 a bushel in Chicago. The contract fell 2 percent last week, the third straight week of losses, after the government projected stockpiles in 2012 to be higher than expected.

Soybeans for July delivery rose 9 cents, or 0.7 percent, to $13.5175 a bushel in Chicago after gaining 0.8 percent Thursday. The oilseed was up slightly on the week, gaining 1.9 percent.

Potash closed Friday at $51.58, gaining $0.49, or 0.96 percent.

Dividends from (PSA) (RNST) (SMG) (STL) (UNP) Declared

Public Storage (NYSE:PSA), Renasant Corp. (NASDAQ:RNST), The Scotts Miracle-Gro Co. (NYSE:SMG), Sterling Bancorp (NYSE:STL) and Union Pacific (NYSE:UNP) declare dividends.

The Board of Directors of Public Storage (PSA) declared a quarterly common stock dividend of $0.95 a share payable 6/30/11 to shareholders of record at the close of business on 6/15/11.

The Board of Directors of Renasant Corp. (RNST) declared a cash dividend of $0.17 a share on the company's common stock payable on 7/1/11 to Stockholders of record on 6/15/11.

The Board of Directors of The Scotts Miracle-Gro Co. (SMG) declared a regular cash dividend of $0.25 a common share. The dividend will be payable on 6/10/11 to common stockholders of record at the close of business on 5/27/11.

The Board of Directors of Sterling Bancorp (STL) declared a regular cash dividend of $0.09 per common share. The dividend will be payable on 6/30/11 to common stockholders of record at the close of business on 6/15/11.

The Board of Directors of Union Pacific (UNP) declared a regular cash dividend of $0.475 per common share. The dividend will be payable on 7/1/11 to common stockholders of record at the close of business on 5/31/11.

Price Targets On (SIRI) (PLT) (QSFT) (RTI) (SMG) Updated by Analysts

Analysts have updated their price targets on Sirius XM Radio Inc. (NASDAQ: SIRI), Plantronics (NYSE: PLT), Quest Software, Inc. (NASDAQ: QSFT), RTI International Metals, Inc. (NYSE: RTI) and Scotts Miracle-Gro (NYSE: SMG).

Northland Securities raised their price target on Plantronics (PLT) from $41.00 to $44.00. They have an “outperform” rating on the company.

Stifel Nicolaus cut their price target on Quest Software, Inc. (QSFT) from $30.00 to $27.00. They have a “buy” rating on the company.

FBR Capital raised their price target on RTI International Metals, Inc. (RTI) from $36.00 to $42.00. They have an “outperform” rating on the company.

Maxim Group raised their price target on Sirius XM Radio Inc. (SIRI) to $2.50.

Longbow Research raised their price target on Scotts Miracle-Gro (SMG) from $59.00 to $63.00. They have a “buy” rating on the company.

Ratings On (RBA) (RIMM) (RJET) (SMG) Downgraded by Analysts

Analysts downgraded Ritchie Bros. Auctioneers (NYSE: RBA), Research In Motion (NASDAQ: RIMM), Republic Airways Holdings Inc. (NASDAQ: RJET) and Scotts Miracle-Gro (NYSE: SMG) today.

Bank of America (NYSE:BAC) downgraded Ritchie Bros. Auctioneers (RBA) from a “buy” rating to an “underperform” rating.

Charter Equity downgraded Research In Motion (RIMM) to an “underperform” rating.

Raymond James (NYSE:RJF) downgraded Republic Airways Holdings Inc. (RJET) from a “market perform” rating to an “underperform” rating.

RBC Capital downgraded Scotts Miracle-Gro (SMG) from an “outperform” rating to a “sector perform” rating. They have a price target of $61.00 on the company, down from $62.00.

Potash (POT) (SMG) (IPI) (TNH) (MON) Down on Wheat, Corn Oversupply Fears

Potash Corp (NYSE:POT), Scotts Miracle-Gro (NYSE:SMG), Intrepid Potash (NYSE:IPI), Terra Nitrogen Company, L.P. (NYSE:TNH), Monsanto (NYSE:MON) close down Thursday on wheat, corn oversupply concerns.

A growing concern there could be a glut of wheat and corn on the market pushed down the shares of fertilizer and agriculture stocks Thursday.

"Although there have been muted concerns about the development of wheat crops in the Black Sea region, the trade is concerned that Russia and the Ukraine will be offering new crop wheat to the global market," said a Benson Quinn Commodities note.

The Ukraine also removes its corn export quota this week.

The weaker U.S. dollar wasn't enough to stem the losses Thursday. The U.S. dollar index fell 0.4% to $73.05.

Wheat for July delivery fell 2.6 percent to $7.90 3/4 a bushel. Wheat was one of the biggest commodity laggards Tuesday. Meanwhile, corn for July delivery was down 1.2 percent to $7.50¼ a bushel.